NOT LISTED FOR SALE

525 Independence Ave South Elgin, IL 60177

Estimated Value: $395,000 - $405,257

3 Beds
2.5 Baths
1,470 Sq Ft
$273/Sq Ft Est. Value

Last Sold August 16, 2024

Last sale price $390,000 $265 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $2,824/month

16 Days on Market

Highlights

  • 2 Car Attached Garage
  • South Elgin High School Rated A-
  • Central Air

About This Home

As of August 2024

Prepare to be Impressed with this Amazing 2-story home in South Elgin-The curve appeal speaks volumes- manicured lawn, brick mailbox along a tree-lined street-- This is the one you've been waiting for-Upon entering you will be greeted by a Great floor plan with a spacious living room that opens into an elegant dining room. This home checks all the boxes- it's packed with all of your MUST-HAVES- Recessed lights with dimmers- Laminate flooring throughout with a spacious eat-in Kitchen that includes Stainless Steel appliances, Granite Countertops, custom wood cabinetry, - Sliding doors that open to a beautifully paved patio-Great counter space and tons of storage-Spacious Master Bedroom with a walk-in closet-modern recently updated bathroom that includes marble countertops. Finished Basement- that also includes a separate laundry room -washer and dryer- fantastic for storage- Did I mention An attached painted 2 Car Garage- But wait that's not all there is a Huge backyard that is filled with everything you need- 25x25 blacktop -A shed and a beautifully paved Patio for great dinners with the family- Beautiful mature bushes offering shade for the ultimate relaxation-- This one Won't last long - Schedule your Showing Today!

Last Agent to Sell the Property

Tanesha Wagner Armstrong

Park 83 Realty LLC License #471021393 Listed on: 07/01/2024

Last Buyer's Agent

Susanne Guthrie

Keller Williams Premiere Properties License #471017568

Keller Williams Premiere Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,252

Year Built

  • Built in 1990

Lot Details

  • 10,019

Parking

  • 2 Car Attached Garage

Interior Spaces

  • 1,470 Sq Ft Home
  • 2-Story Property
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Sink Near Laundry

Kitchen

  • Range<<rangeHoodToken>>
  • <<microwave>>
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,252

Year Built

Built in 1990

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Year Built: 1990
  • Age: 31-40 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator
  • Basement: Full
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 3
  • LivingArea: 1470
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • ResoLivingAreaSource: Assessor

Exterior Features

  • List Price: 398999
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage On-Site: Yes
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas
  • Laundry Features: Sink
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Middle/Junior School District: 46

Lot Info

  • Lot Dimensions: 10018
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 7252.14
  • Tax Year: 2023
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2024
Closed on
Aug 9, 2024
Sold by
Michael W Stevens W and Michael Deborah A
Bought by
Gennusa Jacob V and Guthrie Gabriella T
Seller's Agent
Tanesha Wagner Armstrong
Park 83 Realty LLC
Buyer's Agent
Susanne Guthrie
Keller Williams Premiere Properties
List Price
$408,999
Sold Price
$390,000
Premium/Discount to List
-$18,999
-4.65%
Views
51
Current Estimated Value
$400,814

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,814
Avg. Annual Appreciation
0.99%
Original Mortgage
$370,500
Outstanding Balance
$368,247
Interest Rate
7.49%
Mortgage Type
New Conventional
Estimated Equity
$25,340

Purchase Details

Closed on
Oct 3, 2022
Sold by
Stevens Michael W and Stevens Deborah A
Bought by
Michael W Stevens And Deborah A Stevens Joint
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Gennusa Jacob V $390,000 Fidelity National Title
Michael W Stevens And Deborah A Stevens Joint -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gennusa Jacob V $370,500
Previous Owner Michael W Stevens W $220,000
Previous Owner Stevens Michael W $100,000
Previous Owner Stevens Michael W $50,000
Previous Owner Stevens Michael W $53,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/16/2024 08/16/24 Sold $390,000 -2.3% $265 / Sq Ft
07/18/2024 07/18/24 Pending -- -- --
07/15/2024 07/15/24 Price Changed $398,999 -2.4% $271 / Sq Ft
07/01/2024 07/01/24 For Sale $408,999 -- $278 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $7,252 $94,439 $22,066 $72,373
2022 $6,894 $86,112 $20,120 $65,992
2021 $6,489 $80,509 $18,811 $61,698
2020 $6,042 $74,053 $17,958 $56,095
2019 $5,816 $70,540 $17,106 $53,434
2018 $5,668 $66,453 $16,115 $50,338
2017 $5,382 $62,821 $15,234 $47,587
2016 $5,119 $58,281 $14,133 $44,148
2015 -- $53,420 $12,954 $40,466
2014 -- $52,510 $12,794 $39,716
2013 -- $53,895 $13,131 $40,764
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12083404

Midwest Real Estate Data (MRED)

APN: 06-34-431-005